HKMA

New Business

HSBC asks Hang Seng Bank to clean up bad Hong Kong property debt

HSBC Holdings has taken the unusual step of getting directly involved in pushing its Hong Kong subsidiary, Hang Seng Bank,…

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New Business

Fintech evolution paves the way for global banks to set up in Hong Kong: HKMA

The development of fintech and the strong desire of mainland Chinese companies to go global are conducive to Chinese and…

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New Business

Developing | Hong Kong cuts base rate for the first time in 2025, matching the Fed’s move amid weak US jobs

Hong Kong’s de facto central bank cut the city’s base rate for the first time this year, bringing down the…

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New Business

SFC fines banking giant HSBC for breaching disclosure requirements over 8-year period

HSBC Holdings has been fined HK$4.2 million (US$538,423) for violating disclosure requirements involving public companies and new listing applicants over…

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New Business

Hong Kong’s ‘low-rate honeymoon’ ends as HKMA’s dollar-peg defence raises Hibor

A “low-rate honeymoon” for Hong Kong borrowers has come to an end with an increase in the interest rate banks…

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New Business

HKMA, HSBC allay concerns about Hong Kong’s loan books amid city’s property market slump

Hong Kong’s de facto central bank and the city’s largest lender have issued separate statements to assuage concerns about a…

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New Business

New normal: why Hong Kong’s commercial property deep-freeze is here to stay

In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is…

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New Business

Hong Kong’s booming wealth sector to lead hiring and office expansion, HKMA says

The strong growth of Hong Kong’s private banking and wealth management sectors will drive increased hiring and leasing of office…

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New Business

Hong Kong leaves base rate unchanged at 4.75% as US Fed defies Trump’s rate-cut pressure

The Hong Kong Monetary Authority (HKMA) kept its base rate unchanged in lockstep with the US Federal Reserve, after the…

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New Business

Hong Kong fights carry trade pressure with US dollar sales to maintain currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market on Tuesday, for the sixth time since late…

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